Object
Preferred Options
Representation ID: 46857
Received: 24/07/2012
Respondent: Mr Jeremy Turner
The failure of the economy and therefore the inability for people to afford the housing does not mean build more houses, the economy must recover to enable existing properties to become more affordable.
When economic recovery takes place additional housing will mean more competition for existing properties, if people wish to sell their property it can only be concluded that this will leave people with negative equity within their property.
The failure of the economy and therefore the inability for people to afford the housing does not mean build more houses, the economy must recover to enable existing properties to become more affordable.
When economic recovery takes place additional housing will mean more competition for existing properties, if people wish to sell their property it can only be concluded that this will leave people with negative equity within their property.